Online Recruitment – The Preferred Employment Route of Professionals

Posted on by

Surveys conducted by independent agencies show that a whopping 80 % of the graduates rely solely on online resources to search for jobs. This clearly shows the amazing popularity that online recruitment enjoys among potential employees. It is clear from the above figure that businesses who are investing in newspaper advertising to recruit graduate talent for their organizations are clearly wasting their time and money.

In another study recently conducted by an employment agency a whopping 89% of the surveyed candidates stated that they only search for jobs online and nowhere else. They have gained a clear impression that major companies use online resources exclusively for all their recruitment needs. Newspaper advertisements for jobs, they feel, do not reflect the best jobs available in the recruitment sector.

Specialist recruitment agencies claim that the number of hits they get on their online recruitment sites have increased tremendously over the last three to four years. Respondents also claim to use social networking sites such as Twitter, LinkedIn and Facebook to look up corporate website updates. Fresh vacancies are usually put up by corporate on their Facebook account site through their status updates before they are made public through other sources.

view full post »

Pre-employment Background Checks 5 Reasons Why Smbs Should Conduct Them

Posted on by

Labor experts tell us that 8 out of 10 hiring professionals do some form of pre-employment background screening. Yet many medium and small businesses and are still dependent on traditional methods of pre-employment background screening, such as checking up on references. This article explores why many SMBs avoid professional employment background checks, and the risks and dangers of doing so.

Why Many SMBs Don’t Do Pre-Employment Background Screening

Lack of concern. Some SMB managers believe that only cops, teachers, and doctors should be subject to employment background checks. That point of view is outdated. Nowadays, many private companies are consistently performing pre-employment background screening, for the reasons listed in the second half of this article.

view full post »

Requirements For Singapore Employment Pass Eligibility

Posted on by

There are three categories of Employment Passes in Singapore: the P1 Employment Pass, P2 Employment Pass and Q1 Employment Pass. Before considering to apply for a particular employment pass, it is important that you possess all the required criteria to be eligible for the employment pass you are applying for.
The basic requirements to be eligible for a Singapore Employment Pass is that the foreigner applicant must have a fixed monthly salary of at least S$2,500 and must possess the recognized qualifications which includes acceptable degrees, professional qualifications or specialist skills. The Ministry of Manpower (MOM) is the authority that evaluates each EP application and qualification, based on a criteria that includes the following: global and country institution rankings by independent accreditation boards, hiring history by top companies in Singapore, validation by HR consultants in listed countries, employment outcome of the institution’s graduates, and the institution’s enrollment standards.
In addition to the foregoing basic requirements of monthly salary and recognized qualifications for a Singapore EP, each of the three categories of EPs have specific eligibility requirements and this article will discuss each of these categories briefly:
P1 Employment Pass
A P1 Employment Pass can be given to an applicant who performs a Professional, Managerial, Executive or Specialist job and has a fixed monthly salary of at least S$7,000.
P2 Employment Pass
A P2 Employment Pass can be given to an applicant who performs a Professional, Managerial, Executive or Specialist job and has a fixed monthly salary of at least S$3,500 and not more than S$7,000.
Q1 Employment Pass
A Q1 Employment Pass can be given to an applicant who performs a Professional, Managerial, Executive or Specialist job and has a fixed monthly salary of at least S$2,500 and not more than S$3,500. An applicant who does not possess the recognized qualifications as discussed in the first part of this article can still be eligible for a Q1 EP provided he possesses compensatory factors such as skills and years of experience, depending on the discretion of the MOM. A minimum of 5 years of relevant work experience is a plus factor.
A fixed monthly salary, as discussed above, refers to the total regular income of a foreign employee earned from his job, including his basic salary, and this income must be paid to the employee on a fixed monthly basis, regardless of his performance.
A fixed monthly salary and/or basic salary does not include the following: additional payment by way of overtime, bonus or commission; any form of reimbursements or in-kind payments; any sum paid to an employee or contract worker to defray special expenses incurred by him owing to the special, unusual or hazardous nature of the employment; any productivity incentive payments and any allowances which are variable in nature; any contributions paid by the employer or employee to any pension or provident fund; or any gratuity payable on discharge or retirement.

Entrepreneurial Options

Posted on by

Very few people ever got rich by working for someone else. Leaving aside pop musicians, sportsmen and similarly gifted people, the only way to acquire wealth by work is to build a business of your own. The type of business you decide upon will depend on: a) how much money you have available as start-up capital and working capital; b) your business idea; and c) your confidence level.

There are three types of business: 1) the traditional one in which you are reliant solely on your own efforts; 2) a franchise where you follow a proven idea and receive considerable training and back-up from the franchise company; and 3) network marketing.

Each business type has its pros and cons.

view full post »

Inland Revenue P46 Tax Questions With Notes On Accepting The P46 Form

Posted on by

A new employee may not have a P45 due to circumstances of first job, student, first employment in the current financial year, immigrant worker, P45 lost or perhaps not issued by a previous employer or issued late. If a new employee does not give the new employer a P45 on the day employment commences then the employer has a responsibility to ensure the new employee completes a P46 form

Completing the Inland Revenue P46 form is the method an employer uses to advise HMRC about the employment of a new employee who does not have a P45.

2. P46 forms should be sent to HMRC on the first pay day they are paid allowing a short period of time for a new employee who does not have a P45 to obtain one.

view full post »